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2024-023
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2024-023
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Last modified
6/7/2024 12:34:02 PM
Creation date
6/7/2024 12:29:12 PM
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Resolutions
Resolution Number
2024-023
Approved Date
06/04/2024
Agenda Item Number
8.K.
Resolution Type
Supplementing Resolution 2023-004
General Obligaton Bond
Entity Name
Indian River County
Subject
General Obligations Bond Preserving Environmentally Sensitive Lands
Authorizing the issuance of not exceeding $25,000,000 in aggregate principal
amount of Indian River County, Florida
Document Relationships
2023-004
(Agenda)
Path:
\Resolutions\2020's\2023
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EXECUTION COPY <br />RESOLUTION NO. 2024-023 <br />RESOLUTION OF THE BOARD OF COUNTY ! <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, <br />SUPPLEMENTING RESOLUTION NO 2023-004 OF THE <br />COUNTY, AUTHORIZING THE ISSUANCE. OF NOT <br />EXCEEDING $25,000,000 IN AGGREGATE PRINCIPAL <br />AMOUNT OF INDIAN RIVER COUNTY,.: FLORIDA <br />GENERAL OBLIGATION BONDS, SERIES 2024, IN ORDER <br />TO FINANCE THE COST OF ACQUIRING AND <br />PRESERVING ENVIRONMENTALLY SENSITIVE LANDS <br />AND CONSTRUCTING PUBLIC ACCESS IMPROVEMENTS <br />RELATED THERETO WITHIN THE COUNTY; MAKING <br />CERTAIN OTHER COVENANTSAND AND AGREEMENTS. IN <br />CONNECTION WITH THE ISSUANCE OF SUCH BONDS; <br />PROVIDING CERTAIN TERMS AND DETAILS OF SUCH j <br />BONDS;. AUTHORIZING THE COUNTY ADMINISTRATOR <br />OR THE CHIEF DEPUTY. COMPTROLLER OF THE { <br />COUNTY TO PUBLISH A SUMMARY NOTICE OF SALE <br />AND TO RECEIVE BIDS: PURSUANT TO A COMPETITIVE <br />SALE .OF SAID BONDS AND AWARD THE SALE OF SAID <br />BONDS TO THE RESPONSIVE BIDDER OR BIDDERS <br />OFFERING THE LOWEST TRUE INTEREST COST TO THE <br />COUNTY, WHICH SHALL NOT EXCEED FIVE. PERCENT . <br />(5.00%); AUTHORIZING THE EXECUTION AND DELIVERY <br />OF SAID BONDS; APPOINTING THE PAYING AGENT AND <br />REGISTRAR WITH RESPECT TO SAID BONDS; <br />APPROVING THE PREPARATION AND USE OF A i <br />SUMMARY NOTICE OF SALE, AN OFFICIAL NOTICE OF <br />SALE, A PRELI UNARY OFFICIAL STATEMENT AND <br />FINAL OFFICIAL STATEMENT; AUTHORIZING THE <br />i <br />ELECTRONIC DISSEMINATION OF THE PRELIMINARY <br />OFFICIAL. STATEMENT AND OFFICIAL STATEMENT; <br />AUTHORIZING THE EXECUTION AND DELIVERY OF A <br />CONTINUING DISCLOSURE CERTIFICATE; AND <br />PROVIDING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN <br />RIVER COUNTY, FLORIDA, as follows: <br />SECTION 1. FINDINGS. It is hereby found and determined that: <br />
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